AT&T buying Alltel for $780 million, getting more coverage in six states
posted by Victor H.
Jan 22, 2013, 9:34 AM
AT&T, the nation’s second largest carrier, has just announced that it will acquire Atlantic Tele-Network’s wireless service known under the Alltel brand for $780 millions delivered in the form of good old hard cash.
This will buy AT&T licenses, network assets, retail stores and some 585,000 subscribers.
Alltel’s network covers nearly 4.6 million people in rural areas throughout the states of Georgia, Idaho, Illinois, North Carolina, Ohio and South Carolina. This expanded coverage will obviously be of biggest benefit to AT&T.
Not least, AT&T will get a hold on spectrum in the 700MHz, 850MHz and 1,900MHz bands. All those are frequencies that should easily be integrated in AT&T’s existing network.
If the FCC and the Departmen of Justice greenlight the deal, it should close sometime in the second half of 2013.
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